In each of the following cases, compute AMT (if any). For all cases, assume that taxable income does not include any divide or capital gain. a. Mr. and Mrs. Baker's taxable income on their joint return was $211,000, and their AMTI before exemption was $212,900. b. Mr. Costa's taxable income on his single return was $186,210, and his AMTI before exemption was $207,900. c. Ms. White's taxable income on her single return was $666,075, and her AMTI before exemption was $802,700. Assume the taxable year is 2019. Use Individual Tax Rate Schedules. Complete this question by entering your answers in the tabs below. Required A Required B Required C Mr. and Mrs. Baker's taxable income on their joint return was $211,000, and their AMTI before exemption was $212,900.

In each of the following cases, compute AMT (if any). For all cases, assume that taxable income does not include any divide or capital gain. a. Mr. and Mrs. Baker's taxable income on their joint return was $211,000, and their AMTI before exemption was $212,900. b. Mr. Costa's taxable income on his single return was $186,210, and his AMTI before exemption was $207,900. c. Ms. White's taxable income on her single return was $666,075, and her AMTI before exemption was $802,700. Assume the taxable year is 2019. Use Individual Tax Rate Schedules. Complete this question by entering your answers in the tabs below. Required A Required B Required C Mr. and Mrs. Baker's taxable income on their joint return was $211,000, and their AMTI before exemption was $212,900.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter21: Partnerships

Section: Chapter Questions

Problem 29P

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For all the following cases, assume that taxable income does not include any dividend income or capital gain. Required: a. Compute AMT (if any) if Mr. and Ms. Baker's, married filing jointly, reported taxable income of $200,000 and AMTI before exemption of $203,000. b. Compute AMT (if any) if Mr. Costa's, single taxpayer, reported taxable income of $177,300 and AMTI before exemption of $198,000. c. Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $650,675 and AMTI before exemption of $795,000. Assume the taxable year is 2022. Use Individual Tax Rate Schedules Complete this question by entering your answers in the tabs below. Required A Required B Compute AMT (if any) if Mr. and Ms. Baker's, married filing jointly, reported taxable income of $200,000 and AMTI before exemption of $203,000, Note: Enter "0" if taxpayer is not subject to AMT. AMT Required C Required A Required B >
For all the following cases, assume that taxable income does not include any dividend income or capital gain. Required: a. Compute AMT (if any) if Mr. and Ms. Baker's, married filing jointly, reported taxable income of $236,000 and AMTI before exemption of $219,200. b. Compute AMT (if any) if Mr. Costa's, single taxpayer, reported taxable income of $191,880 and AMTI before exemption of $214,200. c. Compute AMT (if any) if Ms. Juma's, a single taxpayer, reported taxable income of $675,875 and AMTI before exemption of $831,000. Assume the taxable year is 2023. Use Individual Tax Rate Schedules. Complete this question by ent below. Required A Required B Required C Compute AMT (if any) if Ms. Juma' income of $675,875 and AMTI bef Note: Round your intermediate cal nearest whole dollar amount. Ente AMT
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